A loan helped a member to buy seasonal clothing for resale.

Sol Naciente - 32 Group's story

The community bank Sol Naciente - 32 is comprised of eight members, six of whom are women and two of whom are men. The president of the bank is Flora.

Flora is a 68-year old married woman with two adult children who are now living independently. She has a business selling clothes. She has a stall in a popular market in the city of Cochabamba. This is her first loan from this institution. She will use the funds to buy clothing at wholesale for her business. Her reason for seeking the loan is lack of capital. She faces challenges in her business such as daily competition. She will also use the funds to continue to make improvements to her stall. She hopes to keep her business well-stocked so that she can offer a variety of products to her customers.

She is thankful to the institution for their support that they have provided to her. She is also grateful for her fellow group members since they all work hard to provide better conditions for their families.

In this group: Patricia Veronica, Flora, Rosario, Emeliana, Juan Gonzalo, Claudia Bertha, German, Lourdes

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Translated from Spanish by Kiva volunteer Kevin Bohnert.

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